SPDR Gold MiniShares Trust $GLDM is Continuum Wealth Advisors LLC’s 4th Largest Position

Continuum Wealth Advisors LLC increased its stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) by 13.1% during the fourth quarter, HoldingsChannel reports. The firm owned 277,224 shares of the company’s stock after acquiring an additional 32,009 shares during the period. SPDR Gold MiniShares Trust comprises approximately 9.1% of Continuum Wealth Advisors LLC’s portfolio, making the stock its 4th biggest holding. Continuum Wealth Advisors LLC’s holdings in SPDR Gold MiniShares Trust were worth $23,667,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its stake in SPDR Gold MiniShares Trust by 9.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 206,200 shares of the company’s stock valued at $17,603,000 after acquiring an additional 17,000 shares during the period. Detalus Advisors LLC boosted its position in SPDR Gold MiniShares Trust by 34.0% during the third quarter. Detalus Advisors LLC now owns 91,003 shares of the company’s stock worth $6,957,000 after purchasing an additional 23,109 shares during the period. Bangor Savings Bank increased its stake in shares of SPDR Gold MiniShares Trust by 2.7% in the third quarter. Bangor Savings Bank now owns 436,528 shares of the company’s stock worth $33,373,000 after purchasing an additional 11,657 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of SPDR Gold MiniShares Trust by 29.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 36,703 shares of the company’s stock worth $2,806,000 after purchasing an additional 8,284 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its position in shares of SPDR Gold MiniShares Trust by 102.7% in the third quarter. Belpointe Asset Management LLC now owns 12,249 shares of the company’s stock valued at $936,000 after purchasing an additional 6,207 shares during the period.

SPDR Gold MiniShares Trust News Roundup

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Longer-term bullish commentary remains supportive, with some analysts arguing that inflation, heavy U.S. debt, and central-bank buying could keep gold attractive over time. Gold will navigate near-term headwinds to reach $5,000/oz by year-end – ING’s Manthey
• Positive Sentiment: Gold ETF inflows and persistent investor demand suggest underlying support for the metal despite near-term volatility. Global gold ETFs see fresh inflows despite rising inflation risks
• Neutral Sentiment: Gold is testing key technical support and resistance levels, so traders are watching for a breakout or a renewed pullback rather than a clear trend change. Gold (XAU/USD) Price Forecast: Resistance Zone Tests Market Direction
• Negative Sentiment: Hot CPI data and rising Treasury yields strengthened the dollar and pressured precious metals, which is the main near-term headwind for GLDM. Gold News: Gold Price Retreats as Hot CPI Strengthens Dollar and Yields
• Negative Sentiment: Additional coverage pointed to gold falling as CPI, oil, and a stronger dollar increased rate-hike fears and reduced safe-haven demand. Gold, silver fall as CPI, oil and dollar pressure metals – Kitco AM Report

SPDR Gold MiniShares Trust Stock Performance

Shares of GLDM stock opened at $93.32 on Wednesday. The firm’s 50 day moving average is $94.51 and its 200 day moving average is $90.93. SPDR Gold MiniShares Trust has a 12 month low of $62.70 and a 12 month high of $109.74.

SPDR Gold MiniShares Trust Profile

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.